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Downtown Memphis Mixed-Use Opportunity
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2 N 2nd St, Memphis, TN 38103

Stunning Art Deco building in Downtown Memphis for mixed-use development.

Property Size19,747 SF
Price / SF$65.83
Days on Market1322

Property Features for 2 N 2nd St

General Information

Standard status Active
Size 19,747 SF
Property subtype Mixed Use, Multifamily, Office, Self Storage
Investment Type Redevelopment

Building Details

Stories 3
Listing Agency: Myers Commercial Real Estate
Listed By: Melanie Myers Bland · License #TN 288335
Source: Crexi
Added: Jan 12, 2023 Changed: Aug 12 Last Checked: Aug 24 at 9:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myers Commercial Real Estate

Investment Insights

Based on property information with market context.

Located in Downtown Memphis, Tennessee, 2 North Second Street is a three-story office building featuring Art Deco architecture. The property includes a 3,000-square-foot basement and two elevator shafts. The building has approximately 19,747 square feet of space and offers air rights for vertical expansion. Currently, the property includes three retail bays fronting on Madison Avenue, presenting opportunities for mixed-use development.

Key Highlights

  • Prime Downtown Memphis location.
  • Mixed‑Use Development Opportunity.
  • Art Deco architectural style.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Furniture & Home Goods Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,789
Businesses Nearby

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value

Market

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Stunning Art Deco building in Downtown Memphis for mixed-use development.
Where is this mixed-use property located?
The property is located at 2 N 2nd St Memphis, TN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime Downtown Memphis location.; Mixed‑Use Development Opportunity.; Art Deco architectural style.
More about this property
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